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Loans Receivable and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2022

Total net loans receivable at December 31, 2022 and 2021 are summarized as follows:


	2022		Percentage of Total		2021		Percentage of Total
Farmland	$	32,168	0.8	%	$	23,768	0.7	%
Owner-occupied, nonfarm nonresidential properties	468,493		11.0		434,672		12.0
Agricultural production and other loans to farmers	1,198		—		1,379		—
Commercial and Industrial 1	791,911		18.5		708,989		19.5
Obligations (other than securities and leases) of states and political subdivisions	145,345		3.4		140,887		3.9
Other loans	24,710		0.6		13,979		0.4
Other construction loans and all land development and other land loans	446,685		10.5		298,869		8.2
Multifamily (5 or more) residential properties	257,696		6.0		216,143		5.9
Non-owner occupied, nonfarm nonresidential properties	795,315		18.6		663,062		18.2
1-4 Family Construction	51,171		1.2		37,822		1.0
Home equity lines of credit	124,892		2.9		104,517		2.9
Residential Mortgages secured by first liens	942,531		22.0		826,729		22.7
Residential Mortgages secured by junior liens	74,638		1.7		56,689		1.6
Other revolving credit plans	36,372		0.9		26,536		0.7
Automobile	21,806		0.5		20,862		0.6
Other consumer	49,144		1.1		49,676		1.4
Credit cards	10,825		0.3		9,935		0.3
Overdrafts	278		—		278		—
Total loans	$	4,275,178	100.0	%	$	3,634,792	100.0	%
Less: Allowance for credit losses	(43,436)				(37,588)
Loans, net	$	4,231,742			$	3,597,204

Net deferred loan origination fees (costs) included in the above loan table	$	4,463			$	5,667

1 PPP loans, net of deferred PPP processing fees, both those disbursed in 2020 and those disbursed in 2021, are included in the Commercial and Industrial classification.

Schedule of Allowance for Loan Losses

Transactions in the allowance for credit losses for the year ended December 31, 2022 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	151	$	—	$	—	$	8	$	159
Owner-occupied, nonfarm nonresidential properties	3,339		(21)		15		(428)		2,905
Agricultural production and other loans to farmers	9		—		—		(3)		6
Commercial and Industrial	8,837		(175)		139		965		9,766
Obligations (other than securities and leases) of states and political subdivisions	1,649		—		—		214		1,863
Other loans	149		—		—		307		456
Other construction loans and all land development and other land loans	2,198		—		—		1,055		3,253
Multifamily (5 or more) residential properties	2,289		—		—		64		2,353
Non-owner occupied, nonfarm nonresidential properties	6,481		(335)		336		1,171		7,653
1-4 Family Construction	158		—		—		169		327
Home equity lines of credit	1,169		—		12		(8)		1,173
Residential Mortgages secured by first liens	6,943		(51)		28		1,564		8,484
Residential Mortgages secured by junior liens	546		—		—		489		1,035
Other revolving credit plans	528		(92)		50		236		722
Automobile	263		(28)		2		34		271
Other consumer	2,546		(1,623)		89		1,653		2,665
Credit cards	92		(99)		38		36		67
Overdrafts	241		(561)		138		460		278
Total loans	$	37,588	$	(2,985)	$	847	$	7,986	$	43,436

(1) Excludes provision for credit losses related to unfunded commitments. Note 20, "Off-Balance Sheet Commitments and Contingencies," in the consolidated financial statements provides more detail concerning the provision for credit losses related to unfunded commitments of the Corporation.

Transactions in the allowance for credit losses for the year ended December 31, 2021 were as follows:


	Beginning Allowance		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance
Farmland	$	221	$	—	$	—	$	(70)	$	151
Owner-occupied, nonfarm nonresidential properties	3,700		(584)		10		213		3,339
Agricultural production and other loans to farmers	24		—		—		(15)		9
Commercial and Industrial	6,233		(163)		203		2,564		8,837
Obligations (other than securities and leases) of states and political subdivisions	998		(407)		30		1,028		1,649
Other loans	68		—		—		81		149
Other construction loans and all land development and other land loans	1,956		(282)		—		524		2,198
Multifamily (5 or more) residential properties	2,724		—		—		(435)		2,289
Non-owner occupied, nonfarm nonresidential properties	8,658		(49)		—		(2,128)		6,481
1-4 Family Construction	82		—		—		76		158
Home equity lines of credit	985		(7)		5		186		1,169
Residential Mortgages secured by first liens	4,539		(79)		47		2,436		6,943
Residential Mortgages secured by junior liens	241		(3)		—		308		546
Other revolving credit plans	507		(41)		13		49		528
Automobile	132		(26)		3		154		263
Other consumer	2,962		(1,193)		140		637		2,546
Credit cards	66		(112)		18		120		92
Overdrafts	244		(438)		160		275		241
Total loans	$	34,340	$	(3,384)	$	629	$	6,003	$	37,588

Transactions in the allowance for credit losses for the year ended December 31, 2020 were as follows:


	Beginning Allowance (Before ASC 326 Adoption)		Impact of ASC 326 Adoption		Initial Allowance on Loans Purchased with Credit Deterioration		(Charge-offs)		Recoveries		Provision (Benefit) for Credit Losses on Loans Receivable(1)		Ending Allowance (After ASC 326 Adoption)
Farmland	$	190	$	61	$	—	$	—	$	—	$	(30)	$	221
Owner-occupied, nonfarm nonresidential properties	2,390		(754)		82		(61)		12		2,031		3,700
Agricultural production and other loans to farmers	25		5		—		—		—		(6)		24
Commercial and Industrial	4,105		(631)		216		(2,779)		39		5,283		6,233
Obligations (other than securities and leases) of states and political subdivisions	1,022		(231)		—		—		—		207		998
Other loans	41		8		—		—		—		19		68
Other construction loans and all land development and other land loans	2,327		780		228		—		125		(1,504)		1,956
Multifamily (5 or more) residential properties	1,087		312		24		—		—		1,301		2,724
Non-owner occupied, nonfarm nonresidential properties	3,980		2,547		335		(1,522)		52		3,266		8,658
1-4 Family Construction	56		(35)		—		—		—		61		82
Home equity lines of credit	180		421		22		(6)		1		367		985
Residential Mortgages secured by first liens	1,220		1,100		73		(285)		65		2,366		4,539
Residential Mortgages secured by junior liens	114		135		—		(158)		2		148		241
Other revolving credit plans	296		378		—		(137)		21		(51)		507
Automobile	156		(96)		—		(29)		2		99		132
Other consumer	1,960		1,021		—		(1,513)		130		1,364		2,962
Credit cards	84		(58)		—		(153)		14		179		66
Overdrafts	240		—		—		(435)		185		254		244
Total loans	$	19,473	$	4,963	$	980	$	(7,078)	$	648	$	15,354	$	34,340

Schedule of Nonaccrual Loans and Loans Past Due over 90 Days Still Accruing Interest by Class of Loans

The following tables present the amortized cost basis of loans on nonaccrual status and loans past due over 89 days still accruing as of December 31, 2022 and 2021, respectively:


	December 31, 2022
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Past Due over 89 Days Still Accruing
Farmland	$	1,011	$	1,011	$	994
Owner-occupied, nonfarm nonresidential properties	2,055		1,987		—

Commercial and Industrial	5,485		2,366		71


Other construction loans and all land development and other land loans	567		567		—
Multifamily (5 or more) residential properties	1,066		423		—
Non-owner occupied, nonfarm nonresidential properties	5,081		2,665		—

Home equity lines of credit	475		475		—
Residential Mortgages secured by first liens	4,329		3,882		48
Residential Mortgages secured by junior liens	91		91		—
Other revolving credit plans	26		26		—
Automobile	19		19		—
Other consumer	781		781		—
Credit cards	—		—		8

Total loans	$	20,986	$	14,293	$	1,121


	December 31, 2021
	Nonaccrual		Nonaccrual With No Allowance for Credit Loss		Loans Past Due over 89 Days Still Accruing
Farmland	$	965	$	965	$	—
Owner-occupied, nonfarm nonresidential properties	850		762		—

Commercial and Industrial	7,060		1,653		8


Other construction loans and all land development and other land loans	516		77		—
Multifamily (5 or more) residential properties	1,270		5		—
Non-owner occupied, nonfarm nonresidential properties	3,771		2,143		—

Home equity lines of credit	824		824		—
Residential Mortgages secured by first liens	3,410		3,410		137
Residential Mortgages secured by junior liens	147		147		—
Other revolving credit plans	13		13		—
Automobile	36		36		—
Other consumer	558		558		—
Credit cards	—		—		23

Total loans	$	19,420	$	10,593	$	168

Schedule of Aging of Recorded Investment in Past Due Loans

The following tables present the amortized cost basis of loans receivable that are individually evaluated and collateral-dependent by class of loans as of December 31, 2022 and 2021, respectively:


	December 31, 2022
	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	829	$	—
Owner-occupied, nonfarm nonresidential properties	1,296		4

Commercial and Industrial	—		1,904


Other construction loans and all land development and other land loans	501		—
Multifamily (5 or more) residential properties	1,066		—
Non-owner occupied, nonfarm nonresidential properties	5,874		—

Home equity lines of credit	335		—
Residential Mortgages secured by first liens	1,150		—






Total loans	$	11,051	$	1,908


	December 31, 2021
	Real Estate Collateral		Non-Real Estate Collateral
Farmland	$	920	$	—
Owner-occupied, nonfarm nonresidential properties	194		9

Commercial and Industrial	1,488		2,351


Other construction loans and all land development and other land loans	438		—
Multifamily (5 or more) residential properties	1,265		—
Non-owner occupied, nonfarm nonresidential properties	3,378		—


Residential Mortgages secured by first liens	435		—






Total loans	$	8,118	$	2,360

The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2022 by class of loans:


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Farmland	$	—	$	—	$	1,136	$	1,136	$	31,032	$	32,168
Owner-occupied, nonfarm nonresidential properties	185		27		734		946		467,547		468,493
Agricultural production and other loans to farmers	—		—		—		—		1,198		1,198
Commercial and Industrial	246		93		611		950		790,961		791,911
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		145,345		145,345
Other loans	—		—		—		—		24,710		24,710
Other construction loans and all land development and other land loans	1,522		—		501		2,023		444,662		446,685
Multifamily (5 or more) residential properties	706		—		90		796		256,900		257,696
Non-owner occupied, nonfarm nonresidential properties	113		60		879		1,052		794,263		795,315
1-4 Family Construction	—		—		—		—		51,171		51,171
Home equity lines of credit	203		10		49		262		124,630		124,892
Residential Mortgages secured by first liens	1,302		538		1,775		3,615		938,916		942,531
Residential Mortgages secured by junior liens	5		—		51		56		74,582		74,638
Other revolving credit plans	65		27		—		92		36,280		36,372
Automobile	36		—		—		36		21,770		21,806
Other consumer	361		188		473		1,022		48,122		49,144
Credit cards	196		18		8		222		10,603		10,825
Overdrafts	—		—		—		—		278		278
Total loans	$	4,940	$	961	$	6,307	$	12,208	$	4,262,970	$	4,275,178

The following table presents the aging of the amortized cost basis in past-due loans as of December 31, 2021 by class of loans.


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater Than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total
Farmland	$	348	$	—	$	—	$	348	$	23,420	$	23,768
Owner-occupied, nonfarm nonresidential properties	278		18		414		710		433,962		434,672
Agricultural production and other loans to farmers	—		—		—		—		1,379		1,379
Commercial and Industrial	377		13		333		723		708,266		708,989
Obligations (other than securities and leases) of states and political subdivisions	—		—		—		—		140,887		140,887
Other loans	—		—		—		—		13,979		13,979
Other construction loans and all land development and other land loans	—		—		77		77		298,792		298,869
Multifamily (5 or more) residential properties	—		10		209		219		215,924		216,143
Non-owner occupied, nonfarm nonresidential properties	—		—		1,792		1,792		661,270		663,062
1-4 Family Construction	—		—		—		—		37,822		37,822
Home equity lines of credit	506		50		172		728		103,789		104,517
Residential Mortgages secured by first liens	1,286		1,145		1,647		4,078		822,651		826,729
Residential Mortgages secured by junior liens	32		24		1		57		56,632		56,689
Other revolving credit plans	56		17		4		77		26,459		26,536
Automobile	45		3		23		71		20,791		20,862
Other consumer	283		158		295		736		48,940		49,676
Credit cards	26		12		23		61		9,874		9,935
Overdrafts	—		—		—		—		278		278
Total loans	$	3,237	$	1,450	$	4,990	$	9,677	$	3,625,115	$	3,634,792

Schedule of Restructured in Troubled Debt

The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2022, 2021, and 2020:


	Year Ended December 31, 2022
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Type of Modification



Commercial and Industrial	1	$	96	$	96	Extend Amortization




Non-owner occupied, nonfarm nonresidential properties	1	1,784		1,784		Modify Rate and Extend Amortization









Total loans	2	$	1,880	$	1,880


	Year Ended December 31, 2021
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Type of Modification



Commercial and Industrial	2	$	3,336	$	3,336	Modify Payment



Multifamily (5 or more) residential properties	1	717		717		Modify Payment
Non-owner occupied, nonfarm nonresidential properties	1	1,604		1,604		Modify Payment









Total loans	4	$	5,657	$	5,657


	Year Ended December 31, 2020
	Number of Loans	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Type of Modification

Owner-occupied, nonfarm nonresidential properties	1	$	260	$	260	Modify Payment

Commercial and Industrial	6	1,140		1,140		Modify Payment


Other construction loans and all land development and other land loans	1	46		46		Modify Rate and Extend Amortization

Non-owner occupied, nonfarm nonresidential properties	1	3,684		3,684		Modify Rate and Modify Payment


Residential Mortgages secured by first liens	2	309		309		Modify Payment






Total loans	11	$	5,439	$	5,439

Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date

The following tables represent the Corporation's commercial credit risk profile by risk rating as of December 31, 2022 and 2021, respectively. Loans receivable not rated as special mention, substandard, or doubtful are considered to be pass rated loans.


	December 31, 2022
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	29,706	$	1,450	$	1,012	$	—	$	2,462	$	32,168
Owner-occupied, nonfarm nonresidential properties	433,467		27,796		7,230		—		35,026		468,493
Agricultural production and other loans to farmers	1,198		—		—		—		—		1,198
Commercial and Industrial	765,821		14,740		10,037		1,313		26,090		791,911
Obligations (other than securities and leases) of states and political subdivisions	145,345		—		—		—		—		145,345
Other loans	24,710		—		—		—		—		24,710
Other construction loans and all land development and other land loans	443,300		1,296		2,089		—		3,385		446,685
Multifamily (5 or more) residential properties	256,120		510		1,066		—		1,576		257,696
Non-owner occupied, nonfarm nonresidential properties	772,450		2,791		20,074		—		22,865		795,315









Total loans	$	2,872,117	$	48,583	$	41,508	$	1,313	$	91,404	$	2,963,521


	December 31, 2021
			Non-Pass Rated
	Pass		Special Mention		Substandard		Doubtful		Total Non-Pass		Total
Farmland	$	21,286	$	1,514	$	968	$	—	$	2,482	$	23,768
Owner-occupied, nonfarm nonresidential properties	419,368		6,723		8,581		—		15,304		434,672
Agricultural production and other loans to farmers	1,379		—		—		—		—		1,379
Commercial and Industrial	687,010		7,946		12,654		1,379		21,979		708,989
Obligations (other than securities and leases) of states and political subdivisions	140,887		—		—		—		—		140,887
Other loans	13,979		—		—		—		—		13,979
Other construction loans and all land development and other land loans	294,103		4,221		545		—		4,766		298,869
Multifamily (5 or more) residential properties	214,772		100		1,271		—		1,371		216,143
Non-owner occupied, nonfarm nonresidential properties	631,534		9,628		21,900		—		31,528		663,062









Total loans	$	2,424,318	$	30,132	$	45,919	$	1,379	$	77,430	$	2,501,748

Schedule of Amortized Cost of Loans, by Year of Origination

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2022. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	12,321	$	7,635	$	1,536	$	871	$	3,277	$	3,523	$	543	$	—	$	29,706
Special mention	—		—		—		—		—		1,450		—		—		1,450
Substandard	—		347		—		—		142		523		—		—		1,012
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	12,321	$	7,982	$	1,536	$	871	$	3,419	$	5,496	$	543	$	—	$	32,168
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	116,701	$	113,575	$	50,226	$	55,040	$	25,327	$	60,810	$	11,788	$	—	$	433,467
Special mention	3,402		—		15,613		872		4,097		814		2,998		—		27,796
Substandard	—		—		355		1,864		862		4,149		—		—		7,230
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	120,103	$	113,575	$	66,194	$	57,776	$	30,286	$	65,773	$	14,786	$	—	$	468,493
Agricultural production and other loans to farmers
Risk rating
Pass	$	105	$	140	$	80	$	42	$	179	$	—	$	652	$	—	$	1,198
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	105	$	140	$	80	$	42	$	179	$	—	$	652	$	—	$	1,198
Commercial and Industrial
Risk rating
Pass	$	195,955	$	213,433	$	51,695	$	16,730	$	9,051	$	19,116	$	259,841	$	—	$	765,821
Special mention	241		—		6,691		273		81		45		7,409		—		14,740
Substandard	299		1,809		689		379		324		913		5,624		—		10,037
Doubtful(1)	—		1,313		—		—		—		—		—		—		1,313
Total	$	196,495	$	216,555	$	59,075	$	17,382	$	9,456	$	20,074	$	272,874	$	—	$	791,911
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	20,840	$	37,527	$	13,868	$	4,584	$	13,518	$	50,050	$	4,958	$	—	$	145,345
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	20,840	$	37,527	$	13,868	$	4,584	$	13,518	$	50,050	$	4,958	$	—	$	145,345
Other loans
Risk rating
Pass	$	14,248	$	5,358	$	2,278	$	363	$	—	$	—	$	2,463	$	—	$	24,710
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	14,248	$	5,358	$	2,278	$	363	$	—	$	—	$	2,463	$	—	$	24,710

(1) Consists of one loan relationship that was originated in 2015 and modified in 2021. The modification met the requirements to disclose the loan relationship as a new loan during the current period.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	272,118	$	86,894	$	56,782	$	6,918	$	8,644	$	916	$	11,028	$	—	$	443,300
Special mention	1,296		0		—		—		—		—		—		—		1,296
Substandard	—		2,023		—		—		—		—		66		—		2,089
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	273,414	$	88,917	$	56,782	$	6,918	$	8,644	$	916	$	11,094	$	—	$	446,685
Multifamily (5 or more) residential properties
Risk rating
Pass	$	114,454	$	49,794	$	46,784	$	11,854	$	6,764	$	23,841	$	2,629	$	—	$	256,120
Special mention	—		—		—		—		—		510		—		—		510
Substandard	643		—		—		—		333		90		—		—		1,066
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	115,097	$	49,794	$	46,784	$	11,854	$	7,097	$	24,441	$	2,629	$	—	$	257,696
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	339,151	$	153,613	$	51,709	$	66,592	$	45,211	$	107,988	$	8,186	$	—	$	772,450
Special mention	—		488		—		273		498		1,068		464		—		2,791
Substandard	2,227		800		—		4,090		1,314		9,587		2,056		—		20,074
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	341,378	$	154,901	$	51,709	$	70,955	$	47,023	$	118,643	$	10,706	$	—	$	795,315

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by risk grade within each portfolio segment as of December 31, 2021. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Farmland
Risk rating
Pass	$	8,203	$	1,690	$	3,276	$	3,547	$	564	$	3,545	$	461	$	—	$	21,286
Special mention	—		—		—		—		394		1,120		—		—		1,514
Substandard	388		—		—		—		48		532		—		—		968
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	8,591	$	1,690	$	3,276	$	3,547	$	1,006	$	5,197	$	461	$	—	$	23,768
Owner-occupied, nonfarm nonresidential properties
Risk rating
Pass	$	135,095	$	78,068	$	78,621	$	29,100	$	40,677	$	50,079	$	7,728	$	—	$	419,368
Special mention	243		—		903		4,287		135		1,145		10		—		6,723
Substandard	687		416		2,190		868		250		4,152		18		—		8,581
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	136,025	$	78,484	$	81,714	$	34,255	$	41,062	$	55,376	$	7,756	$	—	$	434,672
Agricultural production and other loans to farmers
Risk rating
Pass	$	211	$	103	$	76	$	198	$	—	$	—	$	791	$	—	$	1,379
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful(1)	—		—		—		—		—		—		—		—		—
Total	$	211	$	103	$	76	$	198	$	—	$	—	$	791	$	—	$	1,379
Commercial and Industrial
Risk rating
Pass	$	313,983	$	84,815	$	31,375	$	16,577	$	12,389	$	6,777	$	221,094	$	—	$	687,010
Special mention	—		363		793		381		82		844		5,483		—		7,946
Substandard	1,991		800		1,862		452		29		2,016		5,504		—		12,654
Doubtful	1,379		—		—		—		—		—		—		—		1,379
Total	$	317,353	$	85,978	$	34,030	$	17,410	$	12,500	$	9,637	$	232,081	$	—	$	708,989
Obligations (other than securities and leases) of states and political subdivisions
Risk rating
Pass	$	36,853	$	16,688	$	8,774	$	16,957	$	20,071	$	36,764	$	4,780	$	—	$	140,887
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	36,853	$	16,688	$	8,774	$	16,957	$	20,071	$	36,764	$	4,780	$	—	$	140,887
Other loans
Risk rating
Pass	$	5,851	$	5,305	$	552	$	3	$	—	$	—	$	2,268	$	—	$	13,979
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	5,851	$	5,305	$	552	$	3	$	—	$	—	$	2,268	$	—	$	13,979


	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
Other construction loans and all land development and other land loans
Risk rating
Pass	$	98,406	$	168,372	$	8,752	$	11,141	$	853	$	898	$	5,681	$	—	$	294,103
Special mention	1,500		—		650		—		2,071		—		—		—		4,221
Substandard	—		—		—		29		439		—		77		—		545
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	99,906	$	168,372	$	9,402	$	11,170	$	3,363	$	898	$	5,758	$	—	$	298,869
Multifamily (5 or more) residential properties
Risk rating
Pass	$	74,687	$	55,663	$	33,436	$	7,937	$	27,729	$	12,882	$	2,438	$	—	$	214,772
Special mention	—		—		—		—		—		100		—		—		100
Substandard	—		6		682		379		204		—		—		—		1,271
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	74,687	$	55,669	$	34,118	$	8,316	$	27,933	$	12,982	$	2,438	$	—	$	216,143
Non-owner occupied, nonfarm nonresidential properties
Risk rating
Pass	$	194,800	$	125,039	$	84,943	$	52,233	$	42,714	$	123,021	$	8,784	$	—	$	631,534
Special mention	—		—		428		1,004		189		5,556		2,451		—		9,628
Substandard	826		—		2,305		1,662		4,638		12,134		335		—		21,900
Doubtful	—		—		—		—		—		—		—		—		—
Total	$	195,626	$	125,039	$	87,676	$	54,899	$	47,541	$	140,711	$	11,570	$	—	$	663,062

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2022. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	30,451	$	16,360	$	2,577	$	752	$	62	$	—	$	969	$	—	$	51,171
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	30,451	$	16,360	$	2,577	$	752	$	62	$	—	$	969	$	—	$	51,171
Home equity lines of credit
Payment performance
Performing	$	34,738	$	13,654	$	12,903	$	8,587	$	7,924	$	38,127	$	8,484	$	—	$	124,417
Nonperforming	—		—		—		10		—		465		—		—		475
Total	$	34,738	$	13,654	$	12,903	$	8,597	$	7,924	$	38,592	$	8,484	$	—	$	124,892
Residential mortgages secured by first lien
Payment performance
Performing	$	229,842	$	222,522	$	159,651	$	91,238	$	49,587	$	181,939	$	3,375	$	—	$	938,154
Nonperforming	—		771		273		581		416		2,150		186		—		4,377
Total	$	229,842	$	223,293	$	159,924	$	91,819	$	50,003	$	184,089	$	3,561	$	—	$	942,531
Residential mortgages secured by junior liens
Payment performance
Performing	$	31,837	$	17,163	$	8,326	$	4,956	$	3,073	$	8,395	$	797	$	—	$	74,547
Nonperforming	—		—		—		—		—		47		44		—		91
Total	$	31,837	$	17,163	$	8,326	$	4,956	$	3,073	$	8,442	$	841	$	—	$	74,638
Other revolving credit plans
Payment performance
Performing	$	10,778	$	2,820	$	7,911	$	2,264	$	2,265	$	10,308	$	—	$	—	$	36,346
Nonperforming	—		—		—		4		14		8		—		—		26
Total	$	10,778	$	2,820	$	7,911	$	2,268	$	2,279	$	10,316	$	—	$	—	$	36,372
Automobile
Payment performance
Performing	$	10,146	$	4,637	$	2,945	$	2,349	$	1,117	$	593	$	—	$	—	$	21,787
Nonperforming	—		—		10		7		2		—		—		—		19
Total	$	10,146	$	4,637	$	2,955	$	2,356	$	1,119	$	593	$	—	$	—	$	21,806
Other consumer
Payment performance
Performing	$	26,699	$	12,120	$	5,333	$	2,176	$	776	$	1,259	$	—	$	—	$	48,363
Nonperforming	403		220		85		22		6		45		—		—		781
Total	$	27,102	$	12,340	$	5,418	$	2,198	$	782	$	1,304	$	—	$	—	$	49,144

The following tables detail the amortized cost of loans receivable, by year of origination (for term loans) and by payment activity within each portfolio segment as of December 31, 2021. The current period originations may include modifications, extensions and renewals.


	Term Loans Amortized Cost Basis by Origination Year
	2021		2020		2019		2018		2017		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
1-4 Family Construction
Payment performance
Performing	$	27,539	$	9,137	$	857	$	66	$	—	$	—	$	223	$	—	$	37,822
Nonperforming	—		—		—		—		—		—		—		—		—
Total	$	27,539	$	9,137	$	857	$	66	$	—	$	—	$	223	$	—	$	37,822
Home equity lines of credit
Payment performance
Performing	$	14,383	$	14,621	$	9,564	$	10,584	$	6,863	$	39,527	$	8,151	$	—	$	103,693
Nonperforming	—		—		9		10		377		428		—		—		824
Total	$	14,383	$	14,621	$	9,573	$	10,594	$	7,240	$	39,955	$	8,151	$	—	$	104,517
Residential mortgages secured by first lien
Payment performance
Performing	$	232,606	$	178,380	$	111,333	$	62,850	$	74,136	$	160,402	$	3,475	$	—	$	823,182
Nonperforming	79		259		227		151		258		2,379		194		—		3,547
Total	$	232,685	$	178,639	$	111,560	$	63,001	$	74,394	$	162,781	$	3,669	$	—	$	826,729
Residential mortgages secured by junior liens
Payment performance
Performing	$	20,617	$	11,256	$	7,239	$	4,407	$	3,508	$	9,095	$	420	$	—	$	56,542
Nonperforming	—		—		—		—		84		63		—		—		147
Total	$	20,617	$	11,256	$	7,239	$	4,407	$	3,592	$	9,158	$	420	$	—	$	56,689
Other revolving credit plans
Payment performance
Performing	$	5,313	$	3,596	$	3,090	$	2,592	$	2,977	$	8,955	$	—	$	—	$	26,523
Nonperforming	—		—		4		4		—		5		—		—		13
Total	$	5,313	$	3,596	$	3,094	$	2,596	$	2,977	$	8,960	$	—	$	—	$	26,536
Automobile
Payment performance
Performing	$	7,047	$	5,448	$	4,668	$	2,457	$	682	$	524	$	—	$	—	$	20,826
Nonperforming	11		13		12		—		—		—		—		—		36
Total	$	7,058	$	5,461	$	4,680	$	2,457	$	682	$	524	$	—	$	—	$	20,862
Other consumer
Payment performance
Performing	$	30,423	$	11,017	$	4,537	$	1,451	$	316	$	1,374	$	—	$	—	$	49,118
Nonperforming	204		170		96		25		3		60		—		—		558
Total	$	30,627	$	11,187	$	4,633	$	1,476	$	319	$	1,434	$	—	$	—	$	49,676


	December 31, 2022		December 31, 2021

Credit card
Payment performance
Performing	$	10,817	$	9,912
Nonperforming	8		23
Total	$	10,825	$	9,935

Schedule of Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity

The Corporation considers the performance of the loan portfolio and its impact on the allowance for credit losses. For 1-4 family construction, home equity lines of credit, residential mortgages secured by first liens, residential mortgages secured by junior liens, automobile, credit cards, other revolving credit plans and other consumer segments, the Corporation evaluates credit quality based on the performance status of the loan, which was previously presented, and by payment activity. Nonperforming loans include loans receivable on nonaccrual status and loans receivable past due over 89 days and still accruing interest.


	December 31, 2022						December 31, 2021
	Performing		Nonperforming		Total		Performing		Nonperforming		Total









1-4 Family Construction	$	51,171	$	—	$	51,171	$	37,822	$	—	$	37,822
Home equity lines of credit	124,417		475		124,892		103,693		824		104,517
Residential Mortgages secured by first liens	938,154		4,377		942,531		823,182		3,547		826,729
Residential Mortgages secured by junior liens	74,547		91		74,638		56,542		147		56,689
Other revolving credit plans	36,346		26		36,372		26,523		13		26,536
Automobile	21,787		19		21,806		20,826		36		20,862
Other consumer	48,363		781		49,144		49,118		558		49,676


Total loans	$	1,294,785	$	5,769	$	1,300,554	$	1,117,706	$	5,125	$	1,122,831

Schedule of Purchased Credit Deteriorated Loans

The carrying amount of those loans is as follows:


	July 17, 2020
Purchase price of loans at acquisition	$	21,768
Allowance for credit losses at acquisition	980
Non-credit discount / (premium) at acquisition	1,063
Par value of acquired loans at acquisition	$	23,811

Schedule of Holiday's Loan Portfolio Included in Consumer and Residential Loans

Holiday’s loan portfolio, included in other consumer loans above, is summarized as follows at December 31, 2022 and 2021:


	December 31, 2022		December 31, 2021
Gross consumer loans	$	31,821	$	29,227

Less: unearned discounts	(5,972)		(5,716)
Total consumer loans, net of unearned discounts	$	25,849	$	23,511